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Univastu India Limited (UNIVASTU)

📊 NSE: UNIVASTU 🏢 Construction 📅 Last Updated: 12/14/2025 14:46

📢 Recent Corporate Announcements

Univastu India Sets Cut-Off Date as Sept 14, 2026 for 17th AGM E-Voting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Sep 2026, 12:21 PM

Univastu India Limited has announced administrative details for its upcoming 17th Annual General Meeting (AGM). The company has fixed Monday, September 14, 2026, as the cut-off date to determine shareholder eligibility for voting. The share transfer books and register of members will remain closed from September 15 to September 21, 2026. Remote e-voting will run from September 18, 2026 (9:00 AM IST) to September 20, 2026 (5:00 PM IST) via Bigshare Services Pvt. Ltd.

Cut-off date for e-voting eligibility set to September 14, 2026
Book closure period scheduled from September 15, 2026 to September 21, 2026 (both days inclusive)
Remote e-voting window opens on September 18, 2026 (9:00 AM) and closes on September 20, 2026 (5:00 PM)
Pertains to proceedings for the company's 17th Annual General Meeting

💡 Eligible shareholders holding shares on or before September 14, 2026, may participate in the e-voting process. Track the AGM notice and voting outcome disclosures for any material corporate resolutions.

Univastu India Dispatches Letter to Shareholders for Accessing FY26 Annual Report

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 29 Aug 2026, 07:20 PM

Univastu India Limited has issued an intimation regarding the dispatch of physical letters to shareholders whose email addresses are not registered with the company or its RTA, Bigshare Services Private Limited. The letter informs these shareholders about the electronic availability of the Annual Report for FY 2025-26 on the company's website and the National Stock Exchange of India. The company has also requested these shareholders to register their email addresses with their respective Depository Participants or RTA.

Dispatched communication dated 29th August, 2026 to shareholders without registered email IDs
Pertains to access and availability of the Annual Report for the Financial Year 2025-26
Reports made accessible online via the company's website (univastu.com) and NSE portal (nseindia.com)
RTA involved is Bigshare Services Private Limited

💡 Shareholders holding physical or unlinked demat folios should update their email addresses with the RTA/DP to receive statutory notices electronically.

Univastu India Issues 17th AGM Notice; Seeks ₹750 Cr Borrowing & ₹100 Cr RPT Approval

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Aug 2026, 07:10 PM

Univastu India has released the notice for its 17th Annual General Meeting scheduled for September 21, 2026, with a voting cut-off date of September 14, 2026. Key special resolutions include enabling approvals to increase borrowing limits under Section 180(1)(c) up to ₹750 Crore and raising investment/guarantee limits under Section 186 up to ₹1,000 Crore. Additionally, the company seeks shareholder approval for related-party transactions of up to ₹100 Crore with Univastu NUOS IoT Systems Private Limited.

AGM scheduled for September 21, 2026, with e-voting cut-off set for September 14, 2026
Approval sought for borrowing limits up to ₹750 Crore over and above paid-up capital and free reserves
Approval sought for investments, loans, and guarantees limit enhancement up to ₹1,000 Crore
Shareholder nod sought for material related-party transactions up to ₹100 Crore with Univastu NUOS IoT Systems Pvt Ltd

💡 Track shareholder voting results post-AGM on September 21, 2026, and monitor subsequent announcements regarding any large-scale debt drawdowns or execution of the related-party contracts.

Univastu Allots 18.39 Lakh Convertible Warrants at Rs 87 to Raise Up to Rs 16 Cr

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 28 Aug 2026, 12:44 PM

Univastu India has approved the allotment of 18,39,339 fully convertible warrants on a preferential basis at an issue price of Rs 87 per warrant, totaling up to Rs 16.00 Cr. The company has collected the upfront 25% subscription money amounting to Rs 4.00 Cr. Promoters are subscribing to 17,99,339 warrants (97.8% of the total issue), with the remaining 40,000 warrants taken by non-promoters. Each warrant is convertible into one equity share of face value Rs 10 within 18 months upon payment of the remaining 75% consideration.

Allotment of 18,39,339 Fully Convertible Warrants at an issue price of Rs 87 per warrant
Aggregate fundraise of up to Rs 16,00,22,493 (~Rs 16.00 Cr), representing ~3.6% of market cap
Received Rs 4,00,05,623.25 (25% upfront subscription price) upon allotment
Promoters (Dr. Pradeep Khandagale and Mrs. Rajashri Khandagale) allotted 17,99,339 warrants (~97.8% of total)
Tenure of 18 months from allotment date to convert into equity shares on a 1:1 basis

💡 Track the deployment of funds towards project execution and monitor quarterly updates on the conversion of warrants into equity shares.

Rs 16 Cr Fundraise: Univastu Clarifies EOGM Notice for Preferential Issue

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 12 Aug 2026, 12:57 PM

Univastu India Limited has issued a clerical correction to its June 2026 EOGM notice regarding a preferential issue of convertible warrants. The correction clarifies that the intended utilization of proceeds for working capital is Rs 16,00,22,493 (approximately Rs 16 Cr), correcting a unit error in the original document. The funds are expected to be utilized within one year of receipt, with warrants convertible over an 18-month period. This fundraise represents approximately 15.5% of the company's current net worth of Rs 103 Cr.

Correction clarifies the fundraise amount as Rs 16,00,22,493 for working capital needs
Proceeds to be utilized within 1 year from the date of receipt of consideration
Warrants conversion period set for 18 months from the date of allotment per SEBI ICDR Regulations
The correction follows suggestions received from the National Stock Exchange (NSE) for in-principal approval
The underlying EOGM was held on July 18, 2026

💡 Investors should monitor the final allotment of warrants and the subsequent conversion into equity, which will result in minor equity dilution but provide necessary working capital for the Rs 780+ Cr order book.

Univastu Q1 FY27 PAT Jumps 151% YoY to ₹10.06 Cr; Order Book at 3.2x TTM Revenue

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 07 Aug 2026, 04:36 PM

Univastu India Limited reported a strong start to FY27 with a consolidated net profit of ₹10.06 Cr for the quarter ended June 30, 2026, marking a 151% increase from ₹4.01 Cr in the same period last year. Revenue for the quarter is estimated at approximately ₹100.6 Cr (based on a 10% net margin), which is nearly 41% of the total TTM revenue of ₹243 Cr. The company maintained an operating margin of 13% and a net profit margin of 10%. The paid-up equity capital has increased to ₹37.73 Cr following the conversion of warrants and associated bonus adjustments.

Consolidated Net Profit grew 151% YoY to ₹10.06 Cr from ₹4.01 Cr in Q1 FY26.
Order book remains robust at ₹780+ Cr, representing approximately 321% of TTM revenue.
Net Profit Margin stood at 10% for the quarter, compared to 14% in the year-ago period.
Debt-to-Equity ratio remains stable at 0.34 as of June 30, 2026.
Paid-up equity share capital increased to ₹37.73 Cr following the allotment of 17.43 lakh shares via warrant conversion and bonus issues.

💡 Investors should monitor the execution timeline of the ₹780+ Cr order book and the revenue contribution from the newly acquired Opal Luxury segment, which is expected to scale in FY27.

₹87 Valuation Set for Preferential Warrants; Univastu Issues EOGM Notice Correction

🔵 WATCH ⭐ 6/10

FUNDRAISE 📅 06 Aug 2026, 01:00 PM

Univastu India Limited has issued a formal correction to its Extra-Ordinary General Meeting (EOGM) notice regarding a proposed preferential issue of equity shares and convertible warrants. Following suggestions from the National Stock Exchange (NSE), the company clarified that an independent valuation report has fixed the warrant price at ₹87 per unit. This valuation is approximately 39% lower than the current market price of ₹143.0. The company is currently seeking in-principal approval from the exchange to proceed with the allotment to private investors.

Valuation price for preferential warrants fixed at ₹87 per unit by an independent registered valuer.
Correction issued for the EOGM notice originally dispatched on June 23, 2026, following NSE feedback.
Company is seeking in-principal approval under Regulation 28(1) of SEBI (LODR) Regulations, 2015.
The fundraise supports a substantial combined order book of ₹780+ Cr (approx. 3.2x TTM revenue).
The EOGM for member approval was held on July 18, 2026.

💡 Investors should monitor the final allotment notification to identify the specific private investors and the total number of shares/warrants being issued. The significant discount of the valuation price (₹87) to the current market price (₹143) suggests potential equity dilution that needs to be weighed against the capital required for order book execution.

Univastu Shareholders Approve Preferential Issuance of Warrants

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 20 Jul 2026, 05:39 PM

Univastu India Limited has received shareholder approval for the issuance of warrants on a preferential basis to both promoters and non-promoter categories. The resolution was passed as a Special Resolution during the Extraordinary General Meeting (EOGM) held on July 18, 2026, with 100% of the polled votes in favor. This capital infusion is intended to support the execution of the company's substantial order book of over –780 crore, which is approximately 3.2x its TTM revenue. The voting results show 105,709 votes were cast by public non-institutional shareholders, all supporting the proposal.

100% of the 105,709 votes polled were in favor of the preferential warrant issuance.
The company maintains a strong order book of –780+ crore against a TTM revenue of –243 crore.
Total number of shareholders on the record date stood at 8,657.
Management is targeting –125 crore in revenue for H2 FY26, contingent on project approvals.
The resolution was passed as a Special Resolution, requiring at least 75% approval.

💡 Investors should monitor the upcoming announcement regarding the specific issue price of the warrants and the total capital to be raised. The key execution milestone to watch is the realization of the –125 crore revenue target for H2 FY26.

Univastu allots 17.43 lakh shares on warrant conversion, raising Rs 9.41 Cr

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 18 Jul 2026, 09:52 PM

Univastu India Limited has completed the allotment of 17,43,399 equity shares following the conversion of warrants issued on a preferential basis in January 2025. The allotment includes 5,81,133 shares from the exercise of warrants and 11,62,266 bonus shares resulting from a 2:1 bonus issue in October 2025. The company received Rs 9.41 Cr as the balance 75% payment for these conversions. Notably, some warrants were forfeited as holders failed to exercise their rights within the prescribed period, resulting in the retention of the 25% upfront payment by the company.

Allotment of 17,43,399 equity shares to 14 non-promoter investors upon warrant conversion.
Receipt of Rs 9.41 Cr representing the 75% balance payment of the Rs 216 issue price per warrant.
Adjustment for 2:1 bonus issue added 11,62,266 shares to the total allotment for warrant holders.
Paid-up equity capital increased from 3,59,86,770 to 3,77,30,169 shares, a dilution of approximately 4.8%.
Forfeiture of 25% upfront payment for unexercised warrants from four specific investor entities.

💡 Investors should monitor how the Rs 9.41 Cr in fresh capital is deployed to support the execution of the company's Rs 780+ Cr order book and its expansion into Northern India.

Rs 16 Cr fundraise approved via 18.39 lakh warrants at Rs 87 per warrant

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 18 Jul 2026, 02:56 PM

Univastu India's shareholders have approved the issuance of 18,39,339 convertible warrants at an EOGM held on July 18, 2026. The warrants are priced at Rs 87 each (including a Rs 77 premium), aiming to raise approximately Rs 16 crore. Promoters are the primary subscribers, contributing Rs 15.65 crore of the total amount. This capital infusion, representing about 15.5% of the company's net worth, is intended to support the execution of its Rs 780+ crore order book.

Issuance of 18,39,339 fully convertible warrants at a price of Rs 87 per warrant.
Total aggregate fundraise amount of Rs 16,00,22,493 (approx. Rs 16 Cr).
Promoter group to subscribe to warrants worth Rs 15.65 Cr, maintaining a 65.39% stake post-conversion.
Payment terms require 25% upfront (approx. Rs 4 Cr) with the remaining 75% payable within 18 months upon conversion.
The issue price of Rs 87 is higher than the floor price determined by SEBI ICDR regulations.

💡 Monitor the receipt of the 25% upfront payment and the subsequent utilization of funds toward the execution of the Rs 780 Cr order book, particularly the H2 FY26 revenue target of Rs 125 Cr.

Univastu Shareholders Approve Preferential Issuance of Warrants to Promoters and Non-Promoters

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 18 Jul 2026, 02:51 PM

Univastu India Limited held an Extraordinary General Meeting (EOGM) on July 18, 2026, where shareholders unanimously approved a special resolution for the issuance of share warrants on a preferential basis. The issuance targets both Promoter and Non-Promoter groups to meet the company's funding requirements and growth objectives. This capital infusion is intended to support the execution of the company's substantial Rs 780+ Cr order book, which represents approximately 3.2x its TTM revenue of Rs 243 Cr. While specific pricing and quantity were not detailed in the proceedings, the approval marks a key step in the company's expansion strategy.

Shareholders unanimously passed a Special Resolution for preferential warrant issuance on July 18, 2026
Funding is aimed at supporting a combined order book of Rs 780+ Cr (Rs 630+ Cr standalone and Rs 150 Cr via Bootes Infra)
Total of 35 members attended the meeting through Video Conferencing/Other Audio-Visual Means
Remote e-voting was conducted between July 15, 2026, and July 17, 2026
Management reiterated a revenue target of Rs 125 Cr for H2 FY26 as major project approvals are received

💡 Investors should monitor subsequent filings for the specific number of warrants issued, the conversion price, and the total capital raised to assess the exact dilution impact.

18.19 Lakh Shares Allotted; Univastu Raises Rs 9.41 Cr via Warrant Conversion

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 18 Jul 2026, 09:18 AM

Univastu India has allotted 18,19,800 equity shares following the conversion of warrants originally issued in January 2025. The company received the balance 75% consideration amounting to Rs 9.41 crore from 16 non-promoter investors. This allotment accounts for adjustments from a 2:1 bonus issue in October 2025. The total paid-up capital has increased by approximately 5%, providing additional liquidity to support its Rs 780+ crore order book.

Allotment of 18,19,800 fully paid-up equity shares at an issue price of Rs 216 per share.
Total balance exercise consideration received from 16 non-promoter investors amounts to Rs 9.41 crore.
Post-allotment paid-up capital increased to 3,78,06,570 equity shares from 3,59,86,770 shares.
Warrant entitlement was adjusted for the 2:1 bonus issue approved on October 14, 2025.
The board approved proportionate allotment for partial payments instead of forfeiting the initial 25% deposit.

💡 Monitor the utilization of the Rs 9.41 crore proceeds towards working capital for the Rs 780+ crore order book and track the impact of the ~4.8% equity dilution on future EPS.

CRISIL Upgrades Rating to BBB-/Stable; Bank Facilities Enhanced to ₹113 Crore

🟢 POSITIVE ⭐ 9/10

REGULATORY 📅 16 Jul 2026, 06:39 PM

CRISIL Ratings has upgraded Univastu India Limited's long-term rating from 'BB+/Stable' to 'BBB-/Stable' and short-term rating from 'A4+' to 'A3'. The total rated bank facilities have been significantly enhanced to ₹113 Crore from the previous ₹35 Crore, representing approximately 46.5% of TTM revenue. This upgrade reflects improved creditworthiness and provides the necessary financial headroom to execute the company's substantial ₹780+ Crore order book. The move to investment grade (BBB-) is a critical milestone for the company's ability to secure larger contracts.

Long-term rating upgraded to investment grade (CRISIL BBB-/Stable) from CRISIL BB+/Stable
Short-term rating upgraded to CRISIL A3 from CRISIL A4+
Total bank loan facilities rated increased by ₹78 Crore to a total of ₹113 Crore
Includes a new proposed short-term bank loan facility of ₹50 Crore to support liquidity
Rating upgrade supports the execution of a ₹780+ Crore order book, which is 3.2x TTM revenue

💡 Watch for a potential reduction in finance costs in the next 2-3 quarters and the company's ability to bid for larger-scale government projects now that it has achieved an investment-grade rating.

Rs 16 Cr Fundraise: Univastu Issues Corrigendum for Preferential Warrant Allotment

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 13 Jul 2026, 06:01 PM

Univastu India is raising approximately Rs 16 crore through the preferential issuance of 18,39,339 warrants at a price of Rs 87 per warrant. The proceeds are specifically earmarked for working capital needs to support the execution of its Rs 780+ crore order book. Promoters are the primary subscribers, taking up 17,99,339 warrants, which will result in their holding adjusting from 67.46% to 65.39% post-conversion. The EGM to approve this is scheduled for July 18, 2026, following a 2:1 bonus issue on July 16, 2026.

Preferential issue of 18,39,339 warrants at a fixed price of Rs 87 per warrant
Total fundraise of Rs 16,00,22,493 (approx. Rs 16 Cr) dedicated to working capital
Promoters Pradeep and Rajashri Khandagale to subscribe to 17,99,339 warrants
Post-issue promoter holding to be 65.39% of the expanded capital base
Total post-issue paid-up shares calculated at 3,98,75,109 including a 2:1 bonus issue

💡 Investors should monitor the successful approval of the warrant issue at the EGM on July 18, 2026, and track the company's ability to convert this capital into faster execution of its Rs 780+ Cr order book.

Univastu India Reports Zero Dematerialization Requests for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 06:20 PM

Univastu India Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, Bigshare Services Private Limited, confirmed that no requests for dematerialization of equity shares were received during the period from April 1, 2026, to June 30, 2026. This is a standard procedural filing and does not impact the company's financial or operational standing.

Zero (0) dematerialization requests were received during the quarter ended June 30, 2026
Reporting period spans from April 1, 2026, to June 30, 2026
Compliance confirmed by Registrar and Share Transfer Agent, Bigshare Services Private Limited
Company maintains a strong order book of Rs 780+ Cr as per financial context

💡 This is a routine administrative filing. Investors should monitor the company's progress toward its H2 FY26 revenue target of Rs 125 Cr and the execution of its Rs 780+ Cr order book.

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💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 42% YoY to INR 171.18 Cr in FY25. In H1 FY26, revenue reached INR 77.74 Cr, a 10.33% YoY increase. Q2 FY26 revenue stood at INR 48.34 Cr, marking a significant 64.36% QoQ growth driven by project execution.

Geographic Revenue Split

As of Q2 FY26, Maharashtra is the primary contributor at 80.70% (INR 39.49 Cr), followed by Haryana at 13.28% (INR 6.50 Cr), Uttar Pradesh at 5.80% (INR 2.84 Cr), and Goa at 0.23% (INR 0.11 Cr).

Profitability Margins

Net profit ratio improved from 9.20% to 10.68% (up 16.01% YoY) in FY25. PAT for H1 FY26 was INR 9.02 Cr, a robust 46.95% YoY growth. Management targets a sustainable PAT margin of approximately 10% for future projects.

EBITDA Margin

EBITDA margin stood at 17.3% in Q2 FY26. On a consolidated basis, EBITDA grew 41% YoY to INR 29.14 Cr in FY25, with margins slightly increasing from 16.19% to 16.53%.

Capital Expenditure

Not explicitly disclosed in absolute INR Cr for future periods, but the company is investing in diversification, including the acquisition of Opal Luxury and a 51% stake in Bootes Infra LLP to expand into sustainable infrastructure.

Credit Rating & Borrowing

The company maintains a 'Stable' outlook from CRISIL and Infomerics. Debt-to-equity ratio significantly improved, decreasing 50.47% to 0.30 in FY25. Financial charges reduced by 11% YoY to INR 4.28 Cr, indicating lower borrowing costs.

⚙️ Operational Drivers

Raw Materials

Specific raw material names like steel, cement, and aggregates are implied for EPC projects; variable input costs are cited as a key risk, though specific percentage breakdowns per material are not disclosed.

Capacity Expansion

The company maintains a strong combined order book of INR 780+ Cr (INR 630+ Cr standalone and INR 150 Cr via Bootes Infra). Management expects to execute INR 125 Cr of revenue in H2 FY26 as major project approvals are received.

Raw Material Costs

Operating expenses were INR 142.89 Cr in FY25, representing approximately 83.5% of total revenue, up 41% YoY in line with revenue growth.

Manufacturing Efficiency

Growth is supported by improved workplace productivity and cost optimization initiatives undertaken in FY26 to protect margins.

📈 Strategic Growth

Expected Growth Rate

42%

Growth Strategy

Growth will be achieved through the execution of the INR 780+ Cr order book, particularly in H2 FY26 (target INR 125 Cr). Diversification into high-margin segments (30% margin expected from Opal Luxury) and sustainable 'Net-Zero' infrastructure via Bootes Infra LLP are key pillars.

Products & Services

EPC services for metro stations, hospitals, and sports facilities; HVAC contracting and consulting; and luxury lifestyle products (clocks) via the Opal acquisition.

Brand Portfolio

Univastu, Opal Luxury.

New Products/Services

Opal Luxury acquisition is expected to contribute INR 5 Cr in revenue for FY27 at a 30% margin, scaling up in FY28.

Market Expansion

Expanding geographic presence into Northern India (Haryana, UP) through Bootes Infra LLP and increasing focus on industrial activity growth.

Strategic Alliances

51/49 Joint Venture with Bootes Impex Tech Ltd for Univastu Bootes Infra LLP to target sustainable infrastructure projects.

🌍 External Factors

Industry Trends

The EPC industry is seeing a shift toward sustainable and 'Net-Zero' infrastructure. Univastu is positioning itself for this shift through its Bootes Infra subsidiary to capture green construction demand.

Competitive Landscape

Intense competition from both organized and unorganized players in the fragmented EPC sector leads to aggressive bidding and margin pressure.

Competitive Moat

Moat is built on long-term relationships with government agencies and a track record in specialized civil projects (hospitals/metros), which act as entry barriers for smaller players.

Macro Economic Sensitivity

Highly sensitive to government infrastructure budgets and interest rate movements which affect project financing costs.

Consumer Behavior

Increased government and public sector demand for sustainable, energy-efficient buildings and infrastructure.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to pollution norms, safety standards for civil construction, and strict adherence to tender specifications from government bodies.

Environmental Compliance

Focus on Net-Zero initiatives through Bootes Infra LLP; safety audits and periodic inspections are conducted to ensure operational safeguards.

Taxation Policy Impact

Effective tax rate was approximately 34% in FY25, with tax expenses rising 73% YoY to INR 7.97 Cr due to higher PBT.

Legal Contingencies

Secretarial audit for FY25 reported compliance with the Companies Act and SEBI regulations; no material litigation values or pending court cases were specified in the provided text.